Global Soda Ash Market to Grow at 4.6% During 2024-2032, Bolstered by Demand for Natural Variants

September 11, 2018 | Chemical & Materials

According to the recent report by IMARC Group, titled “Soda Ash Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2024-2032,the global soda ash market size reached US$ 19.8 Billion in 2023. Soda ash, also known as sodium carbonate, is a white, odorless crystalline solid with the chemical formula Na2CO3. It belongs to the chlor-alkali family and is found in large natural deposits or extracted from the ashes of plants growing in sodium-rich soils. Commercial soda ash is available in various grades that differ in particle size and shape as well as bulk density. Due to its disinfectant properties, soda ash is used in the production of laundry detergents, stain removers, and all-purpose cleaners. Apart from this, it is also used in petroleum-based products, personal care products, ceramics, and sodium salts.

Global Soda Ash Market Trends:

Soda ash finds applications in a diverse range of industries, which is driving the market growth. In the detergent industry, it has replaced conventionally used phosphates that were used in the production of detergents and cleaners. As soaps and detergents have a persistent demand all over the world, there is a constant requirement for soda ash. Besides this, soda ash is utilized in the metallurgical processing industry for recycling zinc and aluminum. Moreover, several chemicals like sodium bicarbonate and percarbonate, sodium silicate, and sodium chromate and dichromate are manufactured using soda ash. The growing demand for these chemicals is strengthening the market growth. Furthermore, stringent regulations in North America and Europe have increased the demand for natural soda ash. Additionally, the ability of soda ash to regulate the pH level of water makes it a popular component in water treatment applications. Other factors like the growing global population and increasing per capita incomes have increased construction activities and the sales of automobiles, which, in turn, is propelling the growth of the market. On account of these factors, the market is expected to grow at a CAGR of 4.6% during 2024-2032.

Market Summary:

  • Based on the application, the market has been categorized into chemicals, glass, soaps and detergents, pulp and paper, metallurgy, and others. Among these, soda ash is majorly used in the glass industry.
  • Region-wise, China accounts for the majority of the total market share. Other major regions include Europe, Middle East and Africa, Asia Pacific (excluding China), North America, and Latin America.
  • The competitive landscape of the market has been analyzed in the report, with some of the key players being Solvay S.A., Tata Chemicals Limited, Shandong Haihua Group Co. Ltd., Tronox Limited and Nirma Limited.

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Global Soda Ash Market to Grow at 4.6% During 2024-2032, Bolstered by Demand for Natural Variants
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